Used Sales in 3 Million Unit Range this Month
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This month is likely to end with nearly 3.2 million used vehicles sold during October, which would beat year-ago figures by 1.3 percent, according to projections in CNW Research’s latest Retail Automotive Summary.
CNW’s data includes sales forecasts for franchised and independent dealers as well as private-party numbers. Of those three groups, private-party sales are projected to grow the most from October 2013 with a 12.2 percent spike.
CNW is calling for 882,885 casual sales, which would push the year-to-date sum to 10.77 million, a 3.3-percent hike over year-ago figures.
Meanwhile, franchised dealers will likely finish the month having moved 1.27 million used cars (up 4.3 percent) and its year-to-date used sales tally at 13.23 million (up 0.1 percent).
The firm is forecasting independent dealer used sales of 1.05 million, a 9.2-percent slide. This would result in a 10-month sum of 11.65 million (down 2.6 percent).
Elsewhere, Edmunds.com estimated that there would be 2.96 million used sales for October and a used SAAR of 35.6 million.
TrueCar was calling for 3.08 million used sales, which would be a 2.8-percent year-over-year increase, according to its figures.
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